Post
Topic
Board Speculation
Re: Crypto experienced bloodshed
by
Mpamaegbu
on 25/07/2023, 16:57:42 UTC
Indeed, I think so. But, it's kind of rare to have capital in times like this. I'm into crypto since years yet by the times like current bloodbath, I tend to be out of money to invest, lol.
That's true, and annoyingly so. No matter how hard we try to reserve capital for such a time, it's never there. I think the reason is because we are always in a hurry to load up at the first sight of dump, thinking that's the bottom. It's so annoying that we don't later have an opportunity to buy in after price keeps dumping. It happened to me in 2017 and 2021 but I found a way around it after that. I now use DCA approach. No matter how tempted I am to buy in at once, I resist the urge. There are some coins I missed buying huge because price reverted from the point of my first purchase in bits. I'm not crying over that. In business, you will some; you lose some.